Draw a line based on certain amount?


New member
Hi, I’m looking for a thinkscript that could use the current stock price and draw a line at $-0.50 and draw a line at +$1.00 from current price. -.50 would be my stop loss and +$1.00 would be my exit point.
Ultimately if possible, when I hit the buy market button it would draw the lines. Not sure how you would incorporate when I buy puts..
Also, I realize I could set my stop loss and limit order, but I’m looking for another option.
Thanks for any help.

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

@YungTraderFromMontana Thank you. Is there a way to make the bands just show the current and not the entire trend? Also I would need a way to handle shorting or puts. Thanks!

I looked at the TTM_LRC code to see if i could use it somehow... but im still way too new at scripting. No luck on my part. And it still wouldn't incorporate a way to use it when shorting or puts.

input price = close;
input length = 1;
input beginDate = 0;
input beginTime = 0;
input extLeft = No;
input extRight = Yes;
plot stop = price -.5;
plot limit = price +1;
Last edited by a moderator:

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
350 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.